Ayasdi Raises $30.6 million for Big Data Platform

Startup Ayasdi has raised $30.6 million in a series B venture financing to refine and expand its big data platform to sectors beyond life sciences and the defense industries.

Institutional Venture Partners led the investment with participation by Citi Ventures, GE Ventures, and existing investors Khosla Ventures and Floodgate.

The startup, based in Palo Alto, California, says it can make sense of reams of data for every industry not by asking the right questions, but by using a branch of mathematics called topology data analysis to discover insights. And you don’t have to be a math whiz to use the platform.